BMO Capital Maintains Market Perform on Commercial Metals, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Katja Jancic has maintained a 'Market Perform' rating on Commercial Metals (NYSE:CMC) and raised the price target from $52 to $60.

March 22, 2024 | 4:43 pm
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POSITIVE IMPACT
BMO Capital maintains a 'Market Perform' rating on Commercial Metals and raises the price target from $52 to $60.
The increase in price target from $52 to $60 by BMO Capital suggests a positive outlook on Commercial Metals' future performance. This adjustment reflects an expectation of stronger financial health or market position, likely leading to increased investor confidence and potentially a rise in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100